Singapore Hot Stocks - Banks, Noble in focus

SINGAPORE, May 5 (Reuters) - Singapore financials such as
DBS Group (DBSM.SI) and United Overseas Bank (UOBH.SI) may be
in focus on Tuesday after signs that the health of U.S. banks
have improved.

U.S. stocks rallied on Monday, driving the S&P 500 into
positive territory for the year as investors bet banks' capital
shortfalls may be manageable and housing data fueled hopes the
recession is easing. ----------------------MARKET SNAPSHOT @
0025 GMT ------------

INSTRUMENT LAST PCT CHG NET CHG
S&P 500 .SPX 907.24 3.39% 29.720
USD/JPY JPY= 98.86 -0.04% -0.040
10-YR US TSY YLD US10YT=RR 3.1553 -- -0.002
SPOT GOLD XAU= 902.65 0.03% 0.300
US CRUDE CLc1 54.36 -0.20% -0.110
DOW JONES .DJI 8426.74 2.61% 214.33
ASIA ADRS .BKAS 108.03 5.47% 5.60
------------------------------------------------------------- >
Wall St rallies on banks, data; S&P positive for '09 [.N] >
Dollar falls as safety bid wanes on economic hopes [USD/] >
Fed buying buffers bonds from stock rally [US/] >
Gold rises above $900 on inflation fear, weak dlr [GOL/] >
Oil closes at 2009 high as economic optimism grows [O/R]

Stocks and factors to watch:

-- NOBLE GROUP (NOBG.SI)

- Singapore-listed commodity trader Noble Group Ltd has
raised its offer for Australian miner Gloucester Coal Ltd
(GCL.AX) by 24 percent to A$6 a share, it said on Tuesday,
valuing Gloucester at about A$490 million ($360.6 million).
[ID:nSYU006451]

-- ASCENDAS REIT (AEMN.SI)

- Ascendas REIT announced it will develop a building worth
about S$175 million ($118.6 million) for Singapore
Telecommunications (STEL.SI) by next year. [ID:nSN5451281]

-- COSCO CORPORATION (COSC.SI)

- Cosco said it won a contract to convert a very large
crude carrier tanker to a floating production storage and
offloading vessel for Mitsui Ocean Developing & Engineering
Co., Ltd., which will be delivered by the middle of next year.
[ID:nSN5450701]

-- CRAFT PRINT INTERNATIONAL LIMITED (CRAF.SI)

- Singapore-based Craft Print International said the firm
expects to report a loss for its half-year ended on March 31,
with lower sales revenues. [ID:nSN5410941]

- Singapore's benchmark Straits Times Index .FTSTI rose
5.65 percent to 2,028.71 points on Monday.

- The Dow Jones Industrial Average .DJI rose 2.61 percent
to 8,426.74 points on Monday. The Nasdaq Composite Index
.IXIC climbed 2.58 percent to 1,763.56 points.
($1=1.476 Singapore Dollar)
(Reporting by Laurence Tan; Editing by Muralikumar
Anantharaman)